Rhythm Evening News｜An overview of important information in the crypto industry on May 10, GN!

US Bitcoin spot ETF had a net outflow of US$11 million yesterday

On May 10, according to HODL15Capital data, the US Bitcoin spot ETF had a net outflow of US$11 million yesterday, of which BlackRock IBIT had a net inflow of US$14 million yesterday and Grayscale GBTC had a net outflow of US$43 million.

Greeks.live: $2 billion worth of options will expire today. The crypto market is relatively weak this week, and trading volume continues to fall

On May 10, according to Greeks.live data, 18,000 BTC options are about to expire, with a Put Call Ratio of 0.64, a maximum pain point of $62,000, and a nominal value of $1.2 billion. 280,000 ETH options are about to expire, with a Put Call Ratio of 0.74, a maximum pain point of $3,050, and a nominal value of $800 million.

The crypto market is relatively weak this week, trading volume continues to fall, and weakness continues. The outflow of BTC ETF in US stocks has eased, but from the perspective of block trading and market trading structure, the weakness of the currency price has led to a continuous weakening of market confidence, and the IV of each major term has continued to decline. The current IV level is slightly below the average water level, which has certain support, and there is not much room for further decline. From experience, the market conditions in May were not satisfactory, and it is cost-effective to buy some monthly put options now.

EIGEN airdrop application and pledge will be open at 1 am on May 11

On May 10, EigenLayer data availability solution EigenDA stated on the social platform that EIGEN airdrop application and pledge will be launched at 1 am on May 11.

Ethena releases 2024 roadmap, which will reshape and promote the integration of DeFi, CeFi and TradFi

On May 10, Ethena released its 2024 roadmap. Ethena will reshape and promote the integration of DeFi, CeFi and TradFi, and link them together through USDe.

USDe has always been and will always be the ultimate guiding vision of Ethena. Two other features are currently being developed that will build on USDe as a currency and support its growth.

Ethena Network: Unified Currency Layer, Ethena started with the killer product of currency and naturally extended to building a new Internet economic and financial system on it. USDe and ENA are the fulcrum assets within this system.

Trading Platform: is the aggregated liquidity layer that existing support behind USDe and related hedging processes enables.

· Liquidity aggregation layer adjacent to existing CEX partners to support deeper liquidity on their venues

· Bootstrapping newly incubated DEXs on the Ethena network

Fed Bostic: Still thinks the Fed will cut once this year, despite uncertainty about timing

On May 10, Fed Bostic said that despite uncertainty about timing, he still thinks the Fed will cut once this year. Optimistic inflation relief will continue, although a return to the Fed's 2% target may take until the end of next year or early 2026. There is less consideration of the extent of this year's rate cuts, and more focus on ensuring that policy easing begins at the right time. (Jinshi)

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